Union Street Correlations

Mutual Funds USA . 
Fund . Union Street Partners
USPFX Fund  USD 34.32  0.31  0.91%   
The current 90-days correlation between Union Street Partners and Payden High Income is 0.25 (i.e., Modest diversification). The correlation of Union Street is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Union Street Correlation With Market

Very poor diversification

The correlation between Union Street Partners and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Street Partners and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Union Street Partners. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Union Mutual Fund

  1.0USPCX Union Street PartnersPairCorr
  0.95USPVX Union Street PartnersPairCorr
  0.93VVIAX Vanguard Value IndexPairCorr
  0.83AWSHX Washington MutualPairCorr
  0.83WSHCX Washington MutualPairCorr
  0.88WSHFX Washington MutualPairCorr
  0.9DODGX Dodge Stock FundPairCorr
  0.82AMFFX American MutualPairCorr
  0.85AMFCX American MutualPairCorr
  0.82FSMMX Fs Multi StrategyPairCorr
  0.87BTMPX Ishares Msci EafePairCorr
  0.93BTMKX Blackrock InternationalPairCorr
  0.93MDIIX Blackrock Intern IndexPairCorr
  0.92RAFCX Amcap Fund ClassPairCorr
  0.84THMGX Thornburg InvestmentPairCorr
  0.85FDSCX Fidelity Stock SelectorPairCorr
  0.92ONECX Jpmorgan Investor GrowthPairCorr
  0.8IIINX Thrivent OpportunityPairCorr
  0.81VEIRX Vanguard Equity IncomePairCorr
  0.66JSHSX Janus Short TermPairCorr
  0.71SCHLX Deutsche Health AndPairCorr
  0.91DHTYX Diamond Hill AllPairCorr
  0.94GMVRX Goldman Sachs SmallmidPairCorr
  0.78TLXNX Tiaa Cref LifecyclePairCorr
  0.63FSCSX Software And ItPairCorr
  0.92WINDX Wilshire 5000 IndexPairCorr
  0.87AMCPX Amcap Fund ClassPairCorr
  0.73MFQTX Amg Fq TaxPairCorr
  0.87MXCCX Federated Max CapPairCorr

Moving against Union Mutual Fund

  0.35AMRMX American MutualPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Union Mutual Fund performing well and Union Street Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Union Street's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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